Descripción
|
|
---|---|
Yield management is the process of actively managing inventory to maximize revenues. In this paper we present a model devised to apply yield management techniques using real options to the problem of optimal decision making when assigning rooms to hotel customers. Two different methods are proposed to carry out the the evaluation : numerical resolution with the PDEs and Monte Carlo simulation. The achieved results using both methods are similar demonstrating the robustness of the simulation in this field and the model lends itself to be a tool for helping the hotel manager in his operational decision of whether or not giving a room to a potential client. | |
Internacional
|
Si |
Nombre congreso
|
II International Conference on Industrial Engineering and Industrial Management |
Tipo de participación
|
960 |
Lugar del congreso
|
Burgos, Spain |
Revisores
|
Si |
ISBN o ISSN
|
978-84-9639-4-86-5 |
DOI
|
BU346-2008 |
Fecha inicio congreso
|
03/09/2008 |
Fecha fin congreso
|
05/09/2008 |
Desde la página
|
645 |
Hasta la página
|
653 |
Título de las actas
|
Insights on current Organization Engineering Approach and Trends Concurrent Organization Engineering II International Conference on Industrial Engineering and Industrial Management |